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In Kensington, MD, the detached home market saw strong price growth in April, with the median sold price climbing to $1,125,000. That marked a 13.8% increase from the previous month and an impressive 29.8% gain compared to April 2025. However, homes took longer to sell, averaging 60 days on market—well above the 5-year April average of 20 days.
Contract activity remained relatively steady during the month. New pending sales held unchanged at 22 contracts, while total pending transactions, including carryover contracts from March, increased slightly by 4.3% to 24 pending sales. Inventory also continued to grow, with active listings rising 9.5% to 23 homes available on the market.
This market activity produced a Contract Ratio of 1.04 pendings per active listing, down slightly from 1.10 in March but significantly improved from 0.59 in April 2025. Even with the year-over-year improvement, the current ratio remains 42% below the 5-year April average of 1.81, signaling a more balanced market compared to the stronger seller conditions seen in prior years. In general, a higher Contract Ratio reflects stronger demand relative to supply and favors sellers, while a lower ratio indicates buyers may have more negotiating leverage.
